Coinbase sees $1.45B Q2 revenue amid declining profits

Coinbase has more than doubled its second quarter compared to last year, despite seeing a decline in net income over the previous quarter.

This follows the firm’s appointment of three new members to its board of directors, including a former OpenAI executive.

The crypto exchange’s quarterly earnings data shows that the company generated $1.45 billion in revenue during the second quarter of this year. The report follows Q2 seeing a major uptick in the crypto market, with the CoinMarketCap...